Prime 26 Unit Apartment Building in Hawthorne

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Overview

Overview

  • PRICE: $3,749,000
  • BUILDING SIZE: 19,674 sf
  • PROPERTY TYPE: Multi-Family
  • LOT SIZE: 0.48 acres
  • YEAR BUILT: 1970

Highlights

  • 26-unit stable income producer
  • No rent control
  • Below market rents
  • Fully occupied
  • Zero eviction rate
  • First time on the market in 20 years
  • Two-story building
  • Laundry on-site (fully owned)
  • Carport parking and storage space for every unit
Description

Description

Tilden Moschetti and Sperry Van Ness are proud to present an incredible investment opportunity in a densely populated rental market of Hawthorne. No rent control! Built in 1970, this property consists of nineteen (19) one-bedroom/one-bathroom units, five (5) two-bedroom/one-bathroom units and two (2) three-bedroom/two-bathroom units. Fully occupied building with zero eviction rate in over 8 years. This building provides as immediate cash flow, with further potential rental upside. On-site laundry (all owned). Rare opportunity, first time on the market in over twenty years.
Hawthorne is a city in southwestern Los Angeles County, bordering El Segundo, Gardena and Inglewood. For 2015, Hawthorne shows a population of 86,522, with a total of 29,196 households. The median age in this area is 32.3, compared to U.S. median age of 37.9, with average household income of $56,773.

Location

Location

The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. SVN®, Sperry Van Ness®, and Sperry Van Ness Commercial Real Estate Advisors® are registered service marks of Sperry Van Ness International Corporation.

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